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Nollamara

POSTAL CODE: WA, 6061
HOUSE
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NOLLAMARA, 6061 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in WA have risen as a whole, pulling NOLLAMARA, 6061 values up and netting property investors a capital gain of 13.85% for the past year.

Investors saw the median home price rise to $740,000.

Profits due to an upward trend in home prices in the suburb averaged 24.03% per annum over a 3-year period.

NOLLAMARA now ranks at the 231st place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in NOLLAMARA are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $700 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In NOLLAMARA, homes and units usually stay on listing for an average of 17.5 days.

In 2016, 247 properties were sold in NOLLAMARA during the past year, making it the 294th most active market in WA based on total real estate transactions.

Surburb overview

Nollamara, approximately 10 kilometres north of Perth's central business district, is a suburb within the City of Stirling. The name "Nollamara" is derived from the Noongar word for the black kangaroo paw (*Macropidia*), a flowering plant native to Western Australia. 

As of the 2021 census, Nollamara had a population of 12,779 residents, with a median age of 32. Households primarily consist of couples without children, and the suburb features a mix of housing types, including separate houses and semi-detached dwellings. 

Nollamara is served by several Transperth bus routes, providing residents access to Perth's CBD and surrounding areas. Major roads such as Flinders Street and Wanneroo Road enhance connectivity to neighbouring suburbs. 

The suburb offers various amenities, including the Nollamara Shopping Centre, for daily needs. Healthcare services are accessible in neighbouring areas. Educational institutions within Nollamara include Nollamara Primary School and Our Lady of Lourdes School, catering to the local community's academic requirements. 

Extensive trees, parks, and recreational facilities characterise Nollamara. The renovated Des Penman Reserve includes tennis courts, soccer fields, lawn bowls, playgrounds, shaded lunch areas, and BBQ facilities, serving as a community hub for various activities. 

The median house price in Nollamara is approximately $605,000, with a compound growth rate of 27.8% for houses and 31.2% for units over the past year. The median house rent is around $645 per week, reflecting a 24.0% increase over the last 12 months. 

Nollamara combines suburban living with convenient access to Perth's CBD, offering residents a multicultural and peaceful neighbourhood with essential amenities and recreational opportunities. Its ongoing development and community facilities contribute to its appeal as a residential suburb within the Perth metropolitan area.  

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